Teachers Retirement System of The State of Kentucky Has $38.60 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Teachers Retirement System of The State of Kentucky grew its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 142,497 shares of the home improvement retailer's stock after buying an additional 9,728 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Lowe's Companies were worth $38,595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its holdings in shares of Lowe's Companies by 10.2% in the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after purchasing an additional 2,399,897 shares during the period. International Assets Investment Management LLC raised its holdings in Lowe's Companies by 1,889.7% in the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock valued at $578,256,000 after buying an additional 2,027,668 shares during the period. Strategic Financial Concepts LLC lifted its position in Lowe's Companies by 20,275.6% during the second quarter. Strategic Financial Concepts LLC now owns 1,205,014 shares of the home improvement retailer's stock valued at $2,657,000 after buying an additional 1,199,100 shares in the last quarter. Applied Finance Capital Management LLC grew its stake in Lowe's Companies by 387.7% during the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer's stock worth $219,761,000 after buying an additional 645,017 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Lowe's Companies by 170.5% in the second quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer's stock worth $162,178,000 after acquiring an additional 463,645 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Lowe's Companies from $290.00 to $291.00 and gave the stock a "sector perform" rating in a research report on Wednesday, November 20th. Evercore ISI upped their target price on Lowe's Companies from $255.00 to $270.00 and gave the stock an "in-line" rating in a research report on Wednesday, November 20th. Truist Financial raised their target price on Lowe's Companies from $307.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Bank of America upped their price target on Lowe's Companies from $275.00 to $305.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Finally, Oppenheimer upgraded shares of Lowe's Companies from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $278.32.

Insider Buying and Selling at Lowe's Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. This trade represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,697 shares of company stock valued at $5,214,586. Company insiders own 0.26% of the company's stock.

Lowe's Companies Stock Down 0.8 %

NYSE LOW traded down $2.21 on Wednesday, hitting $267.90. The stock had a trading volume of 3,250,063 shares, compared to its average volume of 2,437,016. The company's 50-day moving average is $271.02 and its two-hundred day moving average is $248.66. Lowe's Companies, Inc. has a one year low of $205.84 and a one year high of $287.01. The stock has a market cap of $151.27 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.29 and a beta of 1.10.

Lowe's Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.